Vol. 5 Num 351 Wed. May 25, 2005  

Bangladesh trade show kicks off in Italy

In a bid to attract more foreign buyers and expand existing market, Bangladesh organised a three-day single-country trade show of its products that began at Milan in Italy on Monday.

Inaugurating the first ever show of its kind in Italy, Commerce Minister Altaf Hossain Choudhury highlighted the excellent investment environment and incentive packages offered by Bangladesh and urged the Italian investors and business community to take the opportunities.

Secretary General of Italian Institute of Foreign Trade (AICE) Francesco Bossi and Chief Counsellor for trade Roberto Predolin jointly inaugurated the fair organised by the Export Promotion Bureau (EPB) and Bangladesh Embassy.

A high powered Bangladesh business delegation is now visiting Italy in connection with the trade show.

A total of 45 manufacturing and exporting companies from 16 different groups are displaying their products that include readymade garment, knitwear, leather goods, shoes, ceramics, melamine products, jute goods, home textile, silk, furniture, imitation jewelry, agro-processed products, frozen fish, handicrafts, food items and plastic products, said a statement issued by the EPB yesterday.

The commerce minister said Italy is importing a number of Bangladeshi products of which leather is an important one.

The high quality black goatskin is of international standard and has tremendous potential in Italian market, he mentioned hoping the exposition would definitely increase the present trade volume between Bangladesh and Italy.

Bangladesh's exports in the current financial year have so far grown by around 14 percent despite facing serious challenges following quota phaseout in textile sector, he added.

Bangladeshi exporters will make a big breakthrough in marketing their non-traditional products and diversifying export items in the Italian market, Altaf hoped.

Speaking at the function, the secretary general of AICE and chief counsellor for trade in Italy praised Bangladesh's endeavour in promoting their products in Italian market.

They also praised expatriate Bangladeshis working in Italy for their high standard of skill and making positive contribution to Italian economy.

Bangladesh trade team will also meet the members of Milan Chamber of Commerce and Foreign Trade Association of Milan.

Bangladesh Ambassador to Italy Anwarul Bar Chowdhury, President of Bangladesh Chambers of Commerce and Industry Abdul Awal Mintoo, Chief Counsellor for trade and Vice-chairman of EPB Mir Shahabuddin Mohammad also spoke at the inaugural function.